Skip to main content

About this Show

Real Money With Ali Velshi

The impact of jobs, housing, healthcare, education and savings on the economy.

DURATION
01:01:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Channel v107

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
720

PIXEL HEIGHT
480

TOPIC FREQUENCY

America 13, Sap 11, Jazeera America 10, U.s. 8, Mississippi 7, Us 6, Europe 5, Angela Merkel 5, Patrick 3, United States 3, New York 3, Manhattan 3, Patricia Sabga 2, Obama 2, Ali Velshi 2, David Shuster 2, New York City 2, Doha 2, Germany 2, North Carolina 2,
Borrow a DVD
of this show
  Al Jazeera America    Real Money With Ali Velshi    The impact of jobs, housing,  
   healthcare, education and savings on the economy.  

    May 3, 2014
    5:00 - 6:01am EDT  

5:00am
>> weekday mornings on al jazeera america >> start your day with in depth coverage from across the country and around the world. >> the future looks uncertain... >> real news keeping you up to date. >> an informed look on the night's events, a smarter start to your day. mornings on al jazeera america job growth just kicked in to high gear, but too many americans have given up looking for work. i'll talk to one boss who says he is hiring right now. also what america could learn from germany about jobs and training skilled workers. plus prayers and property, i'll show you how the real estate
5:01am
market has been a blessing for churches looking to sell. i'm ali velshi, and this is "real money." >> this is "real money," you are the most important part of the show so tell me what is on your mind tweet me or go to facebook. i do read this stuff. the economy added 288,000 new jobs in april most of them came from the private sector. economists hope for 150 or 200,000 new jobs to get added every month just to keep up with new entrants to the job market. so the fact that we overshot that in april is really good news, and april has been a big acceleration from the prior months.
5:02am
another positive the number of long-term unemployed came down in april by 287,000. now i always say ignore the unemployment rate unless it's convenient for me to help tell a story. focus instead on that, the number of jobs added every month. in april the rate dropped .4 of a percentage point the lowest in 5.5 years. over the last 12 months the unemployment rate has come down 2.2 percentage points and the number of people counted as unemployed has come down by 1.9 million. even so, the jobs picture in america isn't all rosy. 9.1 million people remain jobless in this country, people actively looking for work, but they are unable to land a job for forever reason. and that doesn't count the number of people falling out of
5:03am
the labor force. people that stopped actively looking for work last month. many analysts warn that a good chunk of those people not in the work force may not get back in. for more on this, we have got this part from patricia sabga. >> reporter: not all working-age americans are considered part of the work force. you must either have a job or be actively looking for one. that's how the u.s. bureau of labor statistics calculates the labor force participation rate and where it stands casts a dark shadow over april's five-year low unemployment rate of 6.3%. in april more than 800,000 americans left the work force, bringing the labor force participation rate to 62.8%, that's the same level as december when it hit a 35-year low.
5:04am
labor force participation has tanked in the wake of the great recession, falling more than 2 percentage points between october 2009 and december of last year. economists at the federal reserve bank of philadelphia attribute 30% of that drop to discouraged job seekers giving up the hunth. from 2012 onward 80% of the drop was down to baby boomers retiring. april's decline fall. >> that suggests that congress cutting off emergency unemployment compensation has driven hundreds of thousands of people out of the labor market, and they be lost to us for good. >> reporter: but if the economy keeps adding jobs at the pace it did in april, it could get the again. >> this jobs report that shows that almost 300,000 jobs have
5:05am
been created may lure people back into the labor market. >> reporter: patricia sabga, al jazeera, new york. >> all right. the unemployment rate fell, but working americans did not on average earn more money. average hourly earnings did not budge last month. and over the last year the number is up just 1.9%. now while that is just ahead of inflation, it is not enough to keep the economy growing the way we want to. that's the view of this economist at the university of california berkeley, she joins me now from campus to pour some cold water on this employment report. we have to be fair, we're not cheer leaders for an economic report. there is a lot of good in this economic report, why it is problem mattic to you that we growth? >> well, i think there's -- you summed up the report very well,
5:06am
and let me add one -- one bit of information on jobs first, and that's to put this in the long-return perspective, we lost 8.5 million jobs during the recession. it took about two years to lose those jobs. with this report, with five years of job growth, we just got back to where we were in december of 2007 when the great recession took hold. we just this month got back to exactly where we were. we are on net now, just about 210,000 jobs above where we were in december of 2007. >> and in fairness we have since that time gained more people who have come into the work force, people who immigrated, people who have come of working age. so good statistic, but we were set back quite a bit. >> it's like you said we need 125, 150,000 a
5:07am
month to keep things even. so we're five years into the recovery, wow that's a lot of people who should have been coming -- millions into the labor force. so it's great news that it's 288,000 and it has ticked up like you said, but we are a long way from full employment in this economy, which gets back to your question of wages, and wage growth as you mentioned over the last 12 months is about 1.9%, probably just a couple of tens of 1% above inflation, because we're talking nominal, so if you talk about real wage growth, it's very minimal -- >> so i guess the question is -- >> -- probably falling further and further behind. typical workers haven't had much of an increase in real earnings for the last 35 years. so on this side of the great recession we have more of the
5:08am
same that was happening going into the great recession. and all of the statistics are showing -- most of the benefits going to the top 1%. that means the average worker isn't getting much. >> now that we are seeing we have gotten back to where we were. we have to look a little deeper and say those jobs created are not the same quality as the jobs that have been lost. as you mentioned this has been a long-term trend in america. >> it has been a long-term trend. again, the statistics show that low-wage workers make less than their counterparts did 35 years ago, and the average typical worker is maybe making a dollar or two more than their counterparts were all that time ago. it really, you know, it really factors in to this whole discussion of inequality.
5:09am
the economic has gotten much richer, but worker's simply are not getting their fair share and coming out of this great recession things haven't gotten any better, and they quite possibly are getting worse. >> is the lost of labor -- has it come down because of global pressures? it does seem the sum total that we may pay people to work has gone down. is that fixable? >> well, sure. these are all policies. all of these outcomes have to do with globalization, for instance, those are trade policies that we decided we should pursue that had these workers. and now we're talking about another one, the tpp. which we know the outcome of nafta and other trade policies, and now we're pursuing another trade policy. i really believe that a lot of this inequality and a lot of the
5:10am
fact that workers can't get ahead is really policy driven inequality when it comes to the declining union, trade policy, when it comes to minimum wages that are lower today than they were 50 years ago, and we can't seem to get them past. just the other day the republicans voted down taking the minimum wage up to $10.10. these are all policies that could help, but we have pursued policies that are really hampering the average american days. >> the tpp is the trans-pacific partnership. us. >> thanks, alley. >> if you have the skills i have a boss hiring right now. plus properties for sell, take a look, the owners are anxious to sell, and they are not alone. that story and more coming up. keep it right here.
5:11am
>> our current system has gone very far awry... >> there's huge pressure on the police to arrest and find somebody guilty >> i think the system is going to fail a lot of other people. >> you convicted the wrong person >> i find that extraordinarily disappointing... >> to keep me from going to jail, i needed to cooperate. >> somebody can push you in a death chamber >> somebody can push you in a death chamber >> it's not a joke the performance review.
5:12am
>> somebody can push you in a death chamber >> it's not a joke that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. >> drug wars in mexico >> this guy saw someone they suspect and they just went after them >> now vigilantes have joined the fight >> i don't want to do this... >> is it a popular uprising? or a new wave of violence? >> fault lines... al jazeera america's hard hitting... >> they're locking the door... ground breaking...
5:13am
>> we have to get out of here... truth seeking... award winning documentary series mexico's vigilante state only on al jazeera america just when you thought i couldn't talk about jobs anymore -- come on it's jobs day -- the u.s. economy added 32,000 new construction jobs in april. almost double the number seen in march. one south carolina home builder said the number would have been higher if there would have been enough skilled workers available. this home builder expects to build 200 homes this year. he says he is also competing with big names that are offering permanent jobs with benefits and he cannot hire fast enough. wade you are a man in demand, but you need people.
5:14am
tell me your story. >> well, it's pretty simple in our industry people moved away. they got tired of the cycles of construction being up and down, and south carolina is a right to work state, we brought amazon, boeing and other companies in here, and they are offering jobs with benefits. wages aren't as high as construction, but they got tired of construction and moved away. >> so you are suffering from the idea that you happen to be in an area where not only is construction booming but so are a lot of other things that compete for your workers. this >> absolutely. yeah, we have a healthy economy here in south carolina, we have grown since the middle of 2011, and it's everything we can do to attract workers locally and from other states for jobs. >> what kind of workers are now
5:15am
looking for and what is the pay benefits that come go with it? >> when we talk about trade partners and need for workers, we need attorneys, brokers, realtors, guys that can swing hammers, guys that can put shingles on, it goes the gambit. you didn't think about all of the backdrop it takes to get something built. and there are jobs at every level. half of the jobs are created by people who are creating product for our product. so there is a shortage all the way around. >> but in your particular case, what do you need? >> right now we need labor. we need people to do framing, concrete work, plumbing, electrical, hael heating and air. we have seasonal
5:16am
workers that coming in and out of north carolina and that is getting more difficult with the regulations that have been put on us. >> we lost somewhere between a million and 800,000 jobs in th housing collapse. do you think those people have moved on to other work? >> really the skilled labor, our business cycles every ten years and it just seemed like this sickle obviously was deeper and longer than a lot of people anticipated, and families got tired of the cycles and the workers had an opportunity to go to places like amazon and boeing, and we lost a lot of or work programs. there are not a lot of apprentice programs. you don't have your local
5:17am
colleges doing training like they used to. these kids are either on a college track for a job not related to construction, or there is nobody coming in to replace the basic skilled business. tonight. >> we appreciate the voice. thank you. >> the ceo of mcginn homes from north carolina. right now there are about 4 million job openings in america, and some businesses like wade say they can't find enough people with the skills they need. others are getting creative and looking at people with autism. about 40% of these folks have above average intellectual abilities. sap the word's third largest software company is looking at people on all levels of the autistic
5:18am
community. sap thinks hiring autistic people is good for business. david shuster has the story. >> good morning, everyone. >> reporter: today patrick is making one of his first presentations to managers at sap. he is showing them a robot he has programmed to perform tasks using light sen source part of his training for sap's autism at work initiative. >> there we go. >> reporter: patrick has asperger's a disorder on the autism spectrum characterized by significant difficulties on the social spectrum. >> interviews are tough enough but it's even worse when you don't necessarily know the person or you may come off as too monotone or too shift or you like. >> reporter: patrick graduated from college in 2011 but says
5:19am
because of his disability he has not been able to secure a job. he is hoping that will change at sap. he is one of 30 people on the autism spectrum taking part in sap's pilot starting up this year. they have already begun hiring autistic workers in several countries. by 2020 it hopes to have 650 payroll. >> we have a tremendous need programmers. >> reporter: jose valuestco runs the program, he says sap sees great competitive value in hiring these employees. >> we are looking for people who have the ability to concentrate on tasks for a long period of time. in some cases do tasks that for other people may be considered competitive, but which is of
5:20am
very high importance for us. >> sap is not alone. walgreens has a distribution center with 40% of its work force having a disability many with autism. >> many vacant jobs more and morin senttives for employers to include people with disabilities in the work force. >> reporter: this man's son runs an international consulting term that helps people hire employees with autism. he says he is also in talks with big pharmaceutical, health companies, and national banks to do the same. >> the global goal is to enable 1 million jobs through partnerships and knowledge. >> reporter: however, people with autism have real challenges. they can be extra sensitive to noise, bright lighting and the normal stresses that come to a full-time career.
5:21am
taking these things into account means extra training for autistic workers. >> training not only for the participants but also for managers team members and other employees. there will be additional expenses and time and energy spent getting this up and running. >> reporter: many businesses are also concerned about higher health care cost and liability, but velestco says sap considers its an app investment that will pay off for the company in the long term. >> by 2020 we will have an onbooring equivalency of a normal person where it makes in difference in onboarding one or the other into the company. >> reporter: but will it work and will the money spent on the front end really pay off. jim is watching sap's grangd experiment with great interest. >> in the longer run there are
5:22am
many reasons to believe that mine. >> reporter: patrick is on track to work at sap perhaps as a software tester, but he has his career. >> i hope to be able to expand and use my background in communications to go into marketing or even consulting with various clients. >> reporter: david shuster, al jazeera. >> patrick the guy on the right has asperger's syndrome which means he requires less support than some other people at a different part of the autism spectrum. but sap is looking at other people with autism. and they will all be paid the same salary as their colleagues. it's an issue that strikes close to home for both guys who run the program at sap because they both have children with autism. coming up i'll talk about
5:23am
what some are doing to solve the lack of doctors. >> i have learned a lot about real estate. >> and is this current market a blessing? >> it is a blessing. >> more on how churches like his are looking to sell. you are watching "real money." keep it right here. ♪ >> al jazeera america presents borderland's dramatic conclusion >> no one's prepared for this journey. >> our teams experience the heart breaking desperation >> we're all following stories of people that have died in the desert. >> and the importance... >> experiencing it, has changed me completely... >> of the lives that were lost in the desert >> this is the most dangerous part of your trip... >> an emotional finale you can't miss... >> we got be here to tell the story. >> the final journey borderland continues... only on al jazeera america
5:24am
>> every saturday join us for exclusive,
5:25am
revealing, and surprising talks with the most interesting people of our time. >> i became beautiful when i became a feminist >> gloria steinem >> sexuality is about cooperation, not domination... >> and inspiration... >> i want for women whatever they want for themselves... >> and the unconventional future of the movement >> they're many faces for feminism, including beyonce' >> talk to al jazeera only on al jazeera america the united states got a brutal reminder this week of the terrible damage that tornados inflict on people and communities that stand in their path. tornados pummelled the midwest and south destroying or damaging thousands of homes and building, some three dozen people lost their lives. among the worst hit was mississippi and the town of louisville, where these pictures were shot.
5:26am
no estimates yet of the total financial damage done in mississippi and the other states, but we'll stay on top of it for you. the health and welfare of the people of mississippi are of particular interest to this program, one of our first reports focused on the shortage of primary care mississippi. >> reporter: with the fewest working family doctors per capita in the nation, many in mississippi's poor and rural areas have trouble seeing a physician. >> it's a -- it's a hard place to live. >> reporter: in 2001 just one primary care doctor was registered in sharky county. in humphries county where more than 9,000 people live, there were two. >> in the delta you are looking at areas without a lot of transportation. there's not public transportation, so people have
5:27am
trouble getting to providers, and you don't have a large number of providers, in particular specialists. >> reporter: so we're driving through the mississippi delta right now, and if you look around you can get a sense of how rural this place is. access to care and primary physicians, these are some of the big considerations that with. >> another problem is that residents have very few options when it comes to buying health insurance. blue cross blue shield has a merely mon ol listic hold on the market. i asked about the effect of so few doctors and only one major health ininsurer. >> you have got a lot of people that are unhappy with some of the deductibles, and they just have to take it, you know? they have got no choice. i have had the privilege of living in other states where you
5:28am
have more than one ininsurer, and you don't have the kind of troubles with the pricing. one thing that happened a little while back, just because blue cross blue shield has a near monopoly in mississippi they got into a scuffle with some of the mayor hospitals in the state. basically blue cross said they weren't going to pay what health management was charging for some of the services, and so health management sued blue cross then in turn it was the old one-two, blue cross started charging -- or rather took health management associates out of their network so consumers had to pay out of network rates. >> and this whole concept of out of network and in network seems to be coming into play in terms mississippi. >> yes, that happens last year. blue cross changed some of its
5:29am
rules, and they cited the affordable care act. and basically what happened is that if you go to a psychiatrist, most psychiatrists are out of network. and if they prescribe medicines you have to pay a huge amount for them. because blue cross said we're not going to cover them anymore. >> you have this problem if you don't have enough insurers or doctors. what are the logical solutions to this? >> yeah, well what are the solutions? that's a good question. one thing they are doing right now is pushing telehealth medicine. there is a growing population of doctors who will get on something like face time with you, and help diagnose your problems while you are at home, you can talk back and forth to
5:30am
them, you know, over a little network, and they are really pushing that hard in mississippi right now, trying to lead the way as far as telehealth technology so you don't have to have as many doctors, and the doctors they do have can be in a more centralized location. >> is there some sense in trying to lure more doctors to mississippi? >> always. the past couple of years in the slate legislature there have been a number of efforts to keep students in mississippi. and mississippi generally -- the student goes to the university of mississippi medical center and their facilities have been on the inadequate side for the past few years, and they are trying to change that. >> chris good to talk to you. thanks for dropping by.
5:31am
>> sure ali. german chancellor angela merkel is in a tight spot right now. coming up, what she is telling president obama about sanctions in russia. >> on techknow... >> these are some of the amazing spider goats >> small creatures, big impact >> how strong is it? >> almost as strong as steel >> inspiring discoveries changing lives >> this could go in a human body... >> right >> this is for an achilles tendon >> techknow every saturday go where science meets humanity >> this is some of the best driving i've ever done, even though i can't see techknow >> we're here in the vortex >> only on al jazeera america
5:32am
the stream is uniquely interactive television. in fact, we depend on you, your ideas, your concerns. >> all these folks are making a whole lot of money. >> you are one of the voices of this show.
5:33am
>> i think you've offended everyone with that kathy. >> hold on, there's some room to offend people, i'm here. >> we have a right to know what's in our food and monsanto do not have the right to hide it from us. >> so join the conversation and make it your own. >> watch the stream. >> and join the conversation online @ajamstream. other journalists at every other network in america are looking at al jazeera america are going, i wish we could tell those kind of stories... the next time you want some news, turn to al jazeera america to find out what's really happening between new york and los angeles and around the rest of the world. the violence in ukraine is intensifying pro-russian separatists have taken over state buildings in numerous cities in ukraine's eastern border region with russia. and today the ukrainian government attempted to take them back with military action. there are unconfirmed reports that the
5:34am
separatists shot down two helicopters killing two people. moscow condemned the attacks and repeated its warning that it reserves its right to intervene to protect pro-russian citizens in the region. at the white house today president obama and german chancellor angela merkel warned russia that they are prepared to increase sanctions russia continues. the two leaders put tensions aside and stood united on ukraine. libby any outcome? >> they wanted to present a unified front and they really were able to. if this meeting would have happened even a few weeks ago there may have been more chill in the air over the nsa spying
5:35am
on angela merkel's phone. they wanted to speak with one voice saying these incursions by russia are unacceptable. the germans are concerned about the engive sector in particular. and president obama addressed that specifically and he acknowledged the importance of the oil and gas industry. >> energy flows from russia to europe, those continued even in the midst of the cold war at the height of the cold war, so the idea that you are going to turn off the tap on all russian oil or natural gas exports i think is unrealistic. >> reporter: now president obama did talk about other sectoral sanctions, sanctions that could hit specific sections or areas. and they include the arms sector. also finance or lines of credit for trade. >> all right.
5:36am
libby thanks for that. we will stay on top of what comes out of that. libby casey covering the meeting between angela merkel and president obama. all right. germany's carefully managed growth has made its economy the strongest in europe. and the german economy holds lessons for other countries, including the united states. >> take the pulse of economies in europe and the heart beat tends to get louder in germany. manufacturing grew for a tenth consecutive month this april. factories turning out parts in automobiles were buoyed by rising expert orders. while the german economy hasn't always grown as fast as the united states, it has held up by some as an enviable model, f
5:37am
after weathering the financial crisis better than its neighborhoods. part of that is attributed to tax and labor reforms. that helped germany weather the financial storm. >> german employers were far more likely to reduce their worker's hours and hire them back when we managed returned. where in the u.s. we saw employers shed their workers. >> reporter: and their economy also out tos a robust vacational training system that has sought to support the middle class. the government subsidized on the job training at private companies. and it's popular. roughly half of all german students choose some form of vocational training. by contrast in the u.s. vocational education varies from state to state.
5:38am
u.s. federal money for retraining workers is also 25% lower than it was in 2006 prior to the financial crisis when millions more were at work, and that has left some wondering if the u.s. should look to a german style investment workers. >> the one thing that could offend german prosperity is tit for tat with russia. russia is a big market for german experts as well. our next guest says economies are picking up again after years of crisis. alan is famous, you have seen him here and elsewhere, the
5:39am
chief global economists at global economics. alan you heard president obama saying, you know, libby reported this that even during the cold war energy and other stuff flowed between russia and the west. the west never leaned on russia for as much energy back then as it does now. >> that's correct. russia is the number one crude in the world. and in this back and forth, it can get out of control. i think the president says what he has to say, but he is entirely too sanguine about a trump card for the russian federation and president putin if it gets mean enough out there in terms of sanctions as the u.s. tries to hurt russia, russia can get mean in turn. so it's a risk, and we have to
5:40am
watch that energy complex of prices, because if there is shutdowns and shutbacks, that would be very damaging to western europe and indirectly to the united states. >> alan germany is a bit of a linchpin here, it is the biggest economy in that part of the world. it needs that energy. it can't afford a spike in the price of oil or natural gas, so germany going along with this american push for sanctions would be crucial for sanctions it? >> that's right. but the german's view of sanctions -- and that wasn't talked about today, because there will be differences between chancellor merkel and president obama -- the -- the business interests of germany are putting plenty of pressure on not to be mean on the sanctions.
5:41am
so i think germany will be more tender and more careful in relationships with russia than the united states might be. at least in the rhetoric. >> alan you say and others have said that, you know, russia is probably already in a recession right now. what are the global implications of that. >> russia is the seventh largest economy in the world. its biggest training partners are belarus and the ukraine itself. so that group of countries can't really on their own take down the german economy and western europe. germany is the linchpin for the whole wepsern european economy, and because they are doing so well now, we're getting a more lively recovery in the euro zone in europe than we might have expected. again, what really can wreck it up would be if the geopolitics
5:42am
and nastiness gets too testy, and there are moves of desperation by either side. then anything that would cut the supply of oil or divert it away from europe, to some other place like china, for example, and the same with natural gas, would -- would -- that is the real threat. not the russian recession and the damage -- some damage to exports. the real threat is whether this fight gets to be a mean fight. >> we just showed a graphic of a number of german companies among them siemens, volkswagon, deutsche bank, these are companies that are putting pressure on angela merkel and the west to not harm their interests. and by the way, as david described the german economy is plugging along quite nicely despite all of the efforts by other european countries to bring it down, whether it's
5:43am
greece or cyprus or the largest westerern european malice, so what are the types of sanctions that can be effective to change russia's behavior and not cripple their own economies in the process. >> i think president putin has a political agenda, and russia will withstand the sanctions and continue on their way to annex at least part of, if not all of the ukraine. that's a political view, geopolitical view, the economics is subsidiary, how the west responds and the tougher it gets in sanctions, and it can get tougher, you mentioned some of those on finance, credit, banking, even some on energy, then the more desperate might president putin become, and you
5:44am
raise the advertising that in this tit for tat it gets out of control and we have something that we don't want to see. i doubt it the baseline case, the politics of it is crimea, already russian federation, and ukraine at the end of the day ends up part of the russian there. >> wow. >> the latvia, lithuania, romania, hungary, poland, bulgaria, those countries are so tightly in the western net and with nato, to conflict with them in anyway will be difficult for russia. >> thank you for joining us today. today it's a place for sermons but tomorrow maybe it's an office suite or condo.
5:45am
>> we have to be creative and look at what can we do to create alternative revenue sources where we can keep the heat, we can keep the lights on? >> more on the selling of these sanctuaries and who is buying them. coming up, plus the cost of inaction on immigration. >> weekday mornings on al jazeera america >> we do have breaking news this morning... >> start your day with in depth coverage from around the world. first hand reporting from across the country and real news keeping you up to date. the big stories of the day, from around the world... >> these people need help, this is were the worst of the attack took place... >> and throughout the morning, get a global perspective on the news... >> the life of doha... >> this is the international news hour... >> an informed look on the night's events, a smarter start to your day. mornings on al jazeera america
5:46am
5:47am
real reporting from around the world. this is what we do. al jazeera america. religion and real estate may seem like an unlikely pair, but new york city's skyrocketing real estate market has churches cashing in on market where the average price per square foot is up 17% from a year ago.
5:48am
some churches see that as a blessing. mary snow has the story. >> reporter: father christopher ballard is a man of prayer with an eye on property. he is an associate rector at this landmark church in brooklyn. but a big part of his job is to develop real estate deals for the 150 churches in his diocese. >> i have learned a lot about real estate. >> reporter: and this is current market a blessing? >> it is. >> reporter: it's a blessing because the real estate market is soaring. father ballard says there are about a dozen deals being considered in his diocese, one of them is at his church which has put his parking lot and reck torie on the market at an asking price of $1.6 million. he says the money made will go towards maintaining churches,
5:49am
and expanding its charity work. >> we need to focus our mission on helping other people, and these buildings allow us -- these buildings will allow us to do more and better things. >> reporter: this property is reportedly valued at $20 million. >> for the last couple of years because we have seen land prices double a lot of churches just want to know what their options are. some people are looking for partnerships and we are speaking with a lot of different churches that are entertaining these different ideas. >> some charities who are working along with these churches are deciding it's time to sell their property. this is one of them. it's home to the federation of
5:50am
protestant welfare agencies. >> sometimes you have to strike while the iron is hot, and what we're seeing in this community is that the iron is really hot right now. >> reporter: executive director says her organization bought the building 50 years ago for $900,000, now it may fetch $50 million. she says that profit will help might poverty. >> i'm a firm believer it's not about where we sit but about the work we do. >> reporter: if churches aren't making real estate a part of their mission, they are missing the boat. >> this is real opportunity that will not come this way again. jazeera. >> joining us now is commercial real estate broker, he has worked with religious organizations and non-profits selling property. we just heard a minister say this is an opportunity that will not come this way again, which
5:51am
makes me wonder, because manhattan property has been going up really for about 4 or 500 years. why now? >> sure. we're experiencing one of the hottest real estate markets that we have seen in a long, long time. and a lot of these institutions are benefiting because they are able to get an influx of capital to help further their mission, deal with -- like we saw in this clip, the leaky ceilings and maintenance issues, and help future. >> this church that mary was talking about, they are not selling off the main church, they are selling off ancillary parts of it. are you seeing a lot of that? >> sure. some are choosing to do an outright sale while others are choosing to do a joint venture, organizations are having a developer come in and either build around the organization,
5:52am
or rebuild space for them. >> give us a new church and you can have a little building on the side. >> absolutely. >> you are handling a listing in the northern reaches of manhattan. >> sure. we have a 30,000 square foot up there right now with a potential buildable of 90,000 square feet. so they are looking to get the influx of cash and secure themselves for the future. developers. >> which is par for the coarse in new york, right? >> yeah, new york city, especially manhattan they are not making more land. >> so is a church like this, i think mary was saying was listing for upwards of $26 million are you buying it for the church or the land? >> a developer is looking to make a profit and the church or
5:53am
religious organization is looking to secure themselves. so each opportunity is going to be unique, but this looks like an amazing opportunity, and now we're seeing it spread out to areas that we didn't seen this before because the property values are now increasing throughout the city. >> what are you normally seeing in a development? commercial, residential, condos, what happens? >> most are in residential neighborhoods, and depending on what -- you know, the good part about the religious organization or non-profit, they are able to dictate what can be built there. they are kind of in the driver's seat, but for the most part we're seeing condominiums being built today. >> i know you are not going to discourage people from listing something, but is this the right moment? thedz guys could hang on to their hand for another hundred
5:54am
or 50 years -- >> the development market is the hottest i have seen in the 13 years i have been in real estate. and now may be the time for it. >> good to talk to you, rob. >> thanks for having me. all right. go settle your lawsuits out of court. that's essentially what a bankruptcy judge told people suing general motors because their cars lost value after the massive recall. gm wants the judge to prevent lawsuits made against it for cars made before 2009. this does not involve victims of accidents stemming from the faulty ignition switches, and attorneys representing the families of some victims said those apply before or after the
5:55am
bankruptcy. gm unsurprisingly didn't comment. all right. i'm going to give you my make on the immigration debate in america. ♪ consider this: the news of the day plus so much more. >> we begin with the government shutdown. >> answers to the questions no one else will ask. >> it seems like they can't agree to anything in washington no matter what. >> antonio mora, award winning and hard hitting. >> we've heard you talk about the history of suicide in your family. >> there's no status quo, just the bottom line. >> but, what about buying shares in a professional athlete? real perspective, consider this on al jazeera america
5:56am
well every single day immigrants risk their lives for a shot at a better life in america. we all heard their harrowing stories. it's quite another thing to hear it firsthand. else that what sets boarderland award from all others.
5:57am
they retrace the footsteps of border runners who took the risk and paid for it with their lives. leg. >> this is the town where omar, claw debt and [ inaudible ] all started their fatal on yournys. >> dr. has k tells the six that they will walk the same deadly desert route that has claimed the lives of workers. >> oh, doctor hask. >> this is the most dangerous part of your trip. >> i'm surprised there is not more deaths. it's brutal. >> you are really walking into the valley of death. >> they will all live, but will they learn something? catch borderland this sunday right here on al jazeera america.
5:58am
i often get asked about my feelings of immigration in america. a bill for comprehensive immigration reform passed the u.s. senate last summer. it would give millions the opportunity to get legal status in this country and address the backlog of legal immigrant applications based on family considerations and work force needs. if passed into law the congressional budget office forecasts america's working output would increase by 9%. the boost to government revenue could then help lower budget deficits by $900 billion over the next 20 years, the bill is sitting in limbo in the house of representatives and there's no word if it will vote on it any time soon. but $20 billion is the estimated
5:59am
amount of payroll tax lost each year from work done off of the books in this country. a lot of that work is done by undocumented immigrants. whatever your feeling it can't be an issue we ignore any longer. every year financial leaders meet at the milken conference. i'll talk about that and a university president on why some of the worst income inequality is showing up in college towns. that's this sunday 7:00 pm >> on real money with ali velshi, a yearlong series, america's vanishing middle class... >> i'm on a mission, that i have to keep this business going... >> three families struggling every day >> we had to pull the whole retirement fund...
6:00am
>> real stories... real people... real advice... >> you need to pay the water bill, if you don't pay it, we're shutting your water off in a half hour >> how will you survive? >> the stakes are so high... >> america's middle class: rebuilding the dream on real money with ali velshi on al jazeera america >> >> announcer: this is al jazeera. hello, welcome to the newshour. i'm steven cole in doha with the top stories from around the world here on al jazeera. more than 200,000 are feared dead after a landslide in north-east afghanistan. international military observers have been freed after being held for more than a week in ukraine. ceasefire or surrender. syrian rebels give up t